Pre-stressed Concrete Strands and Wires: Introduction
- Artificial compression stress applied to neutralize tensile stress deployed by exterior forces is termed as pre-stress. Structure constructed with pre-stress is known as pre-stressed concrete. The wire or strand used on pre-stressed concrete structure is known as pre-stressed wire or strand. When force is applied to this concrete, pre-stressing is introduced to counter the stresses resulting from the applied load. Pre-stressed wires and strands are used as medium to attain a force that can neutralize external forces such as stress or compression. Pre-stressed concrete forms an integral part of bridges and commercial and residential building constructions. Wire for pre-stressed concrete is made from steels strongly alloyed with carbon.
Key Drivers and Restraints of Global Pre-stressed Concrete Strands and Wires Market
- The pre-stressed concrete strands and wires market has developed significantly in the recent years. This can be primarily ascribed to the increase in infrastructure activities in developing countries such as India, Vietnam, Chile, and Saudi Arabia. Growth in bridge construction and building construction is also projected to boost the global pre-stressed concrete strands and wires market during the forecast period.
- The construction industry has been expanding at a rapid pace. However, decrease in oil and gas prices is likely to lower transportation costs. This makes it relatively inexpensive to accomplish various operational activities. Significant increase in construction activities in the world is likely to boost the global pre-stressed concrete strands and wires market. However, fabrication and assembling & installation of pre-stressed concrete strands and wires requires skilled personnel. This is anticipated to hinder the global pre-stressed concrete strands and wires market.
Pre-stressed Concrete Strands and Wires: Surface Coating Segment
- In terms of surface coating, the global pre-stressed concrete strands and wires market can be segmented into uncoated, galvanized, and epoxy
- The galvanized segment is expected to account for significant share of the global pre-stressed concrete strands and wires market during the forecast period due to its superior properties such as high resistance to rust and carbonation. These coatings provide better stability to tall buildings.
- The uncoated segment is likely to expand at a rapid pace during the forecast period, due to the expansion of the construction industry around the globe
Pre-stressed Concrete Strands and Wires: Application Segment
- In terms of application, the global pre-stressed concrete strands and wires market can be divided into bridges, buildings, and others. The others segment encompasses stadiums, tunnels, roadwork, and railway sleepers.
- Bridges and buildings segments are estimated to expand at a rapid pace during the forecast period due to growth of the real estate sector in developing economies. Furthermore, rise in urbanization in developing economies is expected to drive the demand for buildings.
COVID-19 Impact on Pre-stressed Concrete Strands and Wires Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the global pre-stressed concrete strands and wires market.
Asia Pacific to Dominate Pre-stressed Concrete Strands and Wires Market
- In terms of region, the global pre-stressed concrete strands and wires market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific dominated the pre-stressed concrete strands and wires market in 2020. This trend is anticipated to continue during the forecast period due to the rise in emergence of high end-use applications in countries such as China, Vietnam, Indonesia, Malaysia, South Korea, and India. Developing countries such as India, Malaysia, and South Africa are investing in various bridge projects to connect remote areas to urban areas. This is projected to drive the global market during the forecast period. The pre-stressed concrete strands and wires market in North America is anticipated to expand at a rapid pace during the forecast period. The construction industry in the region is a key consumer of pre-stressed concretes strands and wires owing to their inherent benefits and wide applications. The U.S. is anticipated to account for major share of the market in North America during the forecast period.
Key Manufacturers Operating in Global Pre-stressed Concrete Strands and Wires Market
The global pre-stressed concrete strands and wires market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global pre-stressed concrete strands and wires market include:
- ARCELORMITTAL S.A.
- Çelik Halat ve Tel Sanayii A.S.
- INSTEEL ENGINEERS
- AL ITTEFAQ STEEL PRODUCTS CO.
- Bekaert
- DWK Drahtwerk Köln GmbH
- FAPRICELA
- GUIZHOU WIRE ROPE CO., LTD.
- GULF STEEL STRANDS
- Henan Hengxing Science & Technology Co., Ltd.
- HUBEI FUXING SCIENCE AND TECHNOLOGY CO. LTD.
Global Pre-stressed Concrete Strands and Wires: Research Scope
Global Pre-stressed Concrete Strands and Wires Market, by Surface Coating
- Uncoated
- Galvanized
- Epoxy
Global Pre-stressed Concrete Strands and Wires Market, by Application
Global Pre-stressed Concrete Strands and Wires Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
